Houston – September 25, 2026 -- KLX Energy Services Holdings (Nasdaq: KLXE) has tightened its third-quarter 2026 revenue guidance to a range of $180 million to $185 million, implying a 9% sequential improvement over the second quarter.
Adjusted EBITDA margin set to expand roughly 200 basis points sequentially
The oilfield services provider now projects an Adjusted EBITDA margin of 13% to 14% for the quarter ending September 30, 2026, up from the prior quarter. At the midpoint of the new guidance range, Adjusted EBITDA is expected to rise approximately 30% sequentially.
$125 million equity rights offering closes, backed by broad investor participation
CEO Chris Baker confirmed the offering period for the company's $125 million equity rights offering has ended, calling it a transformational step in the company's deleveraging strategy. Baker said the raise positions KLX to pursue both organic and inorganic growth, and thanked stockholders, creditors, the board, management and employees for their participation.
Wolf Pack acquisition contributes a full quarter, synergy target on track
KLX said it is benefiting from a full quarter of contribution from its Wolf Pack acquisition and remains on track to hit the $2.5 million annual synergy target announced in August. The company plans to provide a detailed operational and financial update during its third-quarter 2026 earnings call in November 2026.